Market Recap

* DOW closes just shy of 8,000

* Top story on Drudge Report: G-20 promises to send $1 Trillion to the IMF and World Bank: http://www.breitbart.com/article.php?id=D97ADJJO0&show_article=1

* Hanky panky in the gold market: http://seekingalpha.com/article/129128-did-the-ecb-save-comex-from-gold-default and http://www.safehaven.com/article-12991.htm

* Fannie and Freddie are forced to accept IOUs from a mortgage insurer: http://www.housingwire.com/2009/04/02/mortgage-insurance-woes-grow-for-fannie-freddie/

* Fed is unable to control treasury rates: http://market-ticker.denninger.net/archives/924-BEN-SOLD-TO-YOU!.html

* In a refreshing blast of honesty, Citigroup advises investors to effectively short citigroup (XLF): http://www.bloomberg.com/apps/news?pid=20601087&sid=a2dV4cMcTXEU

* U.S. Initial Jobless Claims Rose by 12,000 to 669,000: http://www.bloomberg.com/apps/news?pid=20601087&sid=a4zOwIH6psuw